The AFC Vietnam Fund lost −1.4% in January with a NAV of USD 1,764.06, bringing the return since inception to +76.4%. This represents an annualized return of +9.7% p.a. The Ho Chi Minh City VN Index in USD lost −2.7%, while the Hanoi VH Index lost −0.3% (in USD terms)...
The AFC Asia Frontier Fund (Non-US) (AAFF) USD A-shares decreased by −3.9% in January 2020 with a NAV of USD 1,223.47. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (−3.3%), the AFC Frontier Asia Adjusted Index (+0.3%), the MSCI...
Asian Markets took a tumble in January due to a regional worries about the impact of Wuhan flu over Chinese New Year: the Hang Seng Index fell -7.1%, the MSCI Asia ex Japan Index -4.1%, the MSCI AC ASEAN Index -3.8%, Thai SET Index -7.9%, FTSE Vietnam -4.4%, Knight...
Russian equities suffered from a double whammy of the oil war with Saudi Arabia in addition to the fast deteriorating corona effect on the markets. OPEC tried to resolve the sharp drop in demand for oil but were only able to gut around 10% of the estimated 30% reduced...
After gaining 50% last year, the market gave up this gain in the first quarter. The stock market is now selling at a P/E of 5 and a dividend yield of 7%. Russian equities suffered from the oil war with Saudi Arabia that started in March in addition to the fast...
